A PRESENTATION BYNEHA GARG DEEPIKA RANA GEETIKA RATHORE PRATEEK DUTTA PRASHANT BANDHU AND KUMAR RAGHAV MAURYA

WHAT IS A SCAM?
A scam is scheme for making money by dishonest means Normally two or more people are involved in a pre-meditated scheme to cheat people out of their money Scams are fraudulent business schemes. With the ever-growing availability of mass communication methods, scams have the potential to target many more consumers with increasingly serious results

TYPES OF SCAMS
BANKING AND ONLINE ACCOUNT SCAMSThese scams aim to steal account information and money. Many of these scams can look and sound like the real things Phishing emails are fake emails usually pretending to be from banks or other financial institutions. They make up some reason for people to give their account details and then use these details to steal their money

CONTD............

STOCK MARKET SCAMSScams have been occurring in stock markets across the world at regular intervals and these have resulted in people loosing their huge capitals invested in various types of securities Stock market scams are result of various types of manipulations and other processes carried out by investors and traders at various levels The primary motive of any stock market manipulator isnt just to take the price of stock to a particular level, but also to sell a large quantity of shares around that price level

CONTD............

LOTTERY SCAMIn this scam a person calls or emails and tells people that they have won a lottery prize, but to get the money there is a small processing fee, which they have to pay before the money is sent to them. On hearing this many people believe it and immediately pay the fee to get the big reward, however after paying the fee the scammer simply disappears and the victim never hears from him again

REASON WHY PEOPLE SCAM

The intention is always the same to obtain money from the consumer, either by an outright swindle or by selling goods and offering services which are not commensurate with the price charged

JPC
(Joint Parliamentary committee)
Joint Parliamentary Committee is one type of ad hoc Parliamentary Committees constituted by Indian parliament. Joint Parliamentary committee has 10 Lok Sabha Members then 5 members will be from Rajya Sabha and total member of JPC will be 15. A JPC can obtain evidence of experts, public bodies, associations, individuals or interested parties sue motu or on requests made by them. If a witness fails to appear before a JPC in response to summons, his conduct constitutes a contempt of the House.

SIFO
(Serious Fraud Investigation Office)
Serious Fraud Investigation Office (SFIO) is a multidisciplinary organisation to investigate serious financial frauds. The organization is having experts from financial sector, capital market, accountancy, forensic audit, taxation, law, information technology, company law, customs and investigation

CBI
(Central Bureau of Investigation)
The Central Bureau of Investigation (CBI) is a government agency of India that serves as a criminal investigation body, national security agency and intelligence agency. It was established on 1 April 1963 and evolved from the Special Police Establishment founded in 1941. Its motto is "Industry, Impartiality, Integrity"

WHAT IS 2G?
2G is short for second generation wireless telephone technology. Three main benefits of 2G over their predecessors are:

phone conservations are digitally encrypted 2G systems are far more efficient on the spectrum allowing for greater mobile phone penetration levels 2G introduces data services for mobiles

WHAT IS 2G SCAM?
In 2008, the country issued 122 new telecom licences and the second-generation radio spectrum bundled with it to several domestic companies that had little or no experience in the telecom sector, and at a price set in 2001. The state auditor said that the allocation process did not reflect the correct value of radio spectrum as there was no auction and the entire process was flawed, benefiting selected companies. The auditor said that the telecoms ministry did not do the requisite due diligence, granting 85 out of the 122 licences to ineligible applicants.

WHAT IS 2G SCAM?
The auditor also said the ministry did not follow its own guidelines, changed the cut-off date for applications, which gave "unfair advantage" to some companies over others. It said that the entire process "lacked transparency and was undertaken in an arbitrary, unfair and inequitable manner". The auditor said that several companies deliberately suppressed facts, disclosed incomplete information, submitted fictitious documents and used fraudulent means to get licences and thereby access to spectrum.

Andimuthu Raja(A.Raja)

Political career :Political party DMK, 4 times MP, present constituency Nilgiris, Tamil Nadu, former Union Minister of State (Rural Development - 1999), former Union Minister of State (Health and Family Welfare - 2003), former Union Cabinet Minister (Environment & Forests - 2004), former Union Cabinet Minister (Communication and Information Technology - 2007 & 2009)

Allegation In a joint investigation report prepared by Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) the agencies allege that A.Raja could have received 3,000 crore (US$660 million) as bribe for bringing forward the cut-off date for applications for spectrum from the initial 1 October 2007 to 25 September 2007. He used bank accounts under his wife's name in Mauritius and Seychelles to chanelize the kickbacks he received.

 A chargesheet filed by CBI alleges that Raja conspired with the accused, subverted the firstcome first-served (FCFS) policy and waywardly redefined it to ensure that Swan and Unitech got 2G licences. He didnt auction the 2G spectrum or adopt some other market-determined methodology to determine its real valuation and instead benchmarked it to a rate discovered in 2001, when the telecom sector was at a nascent stage.

Charges Criminal breach of trust by a public servant under section 409, criminal conspiracy under section 120-B, cheating under section 420 & forgery under sections 468 and 471. Booked under the Prevention of Corruption Act for accepting illegal gratification.

Status Taken into custody (arrested) by CBI on 2 February 2011 and lodged in Tihar Jail since then (as of February 2012) Never applied for bail. As of February 2012, trial is being conducted in Special CBI Court

M. K. Kanimozhi

 Political career Daughter of 5 time Chief Minister of Tamil Nadu M. Karunanidhi. Political party DMK. She is an MP, representing Tamil Nadu in the Rajya Sabha (the upper house of Indian Parliament).

Allegation Along with former telecom minister A. Raja to get DB Realty promoter Shahid Balwa to circuitously route 200 crore (US$44 million) to Kalaignar TV. According to CBI, Kanimozhi was in regular touch with A Raja regarding launching of Kalaignar TV channel and its other pending works.

Charges Criminal conspiracy to cause criminal breach of trust by a public servant, criminal conspiracy under section 120-B, cheating under section 420 & forgery under sections 468 and 471. Booked under the Prevention of Corruption Act. Status Taken into custody (arrested) by CBI on 20 May 2011.Granted bail on 28 November 2011 after spending 188 days in judicial custody.As of February 2012, trial is being conducted in Special CBI Court.

LICENSES QUASHED
On 2 February 2012 Supreme Court of India quashed all 122 spectrum licences granted during the tenure of former communications minister A Raja. The allocation of 2G spectrum was described by Supreme Court as "unconstitutional and arbitrary". The bench of Justice GS Singhvi & Justice AK Ganguly imposed fine of 5 crore (US$1.1 million) on Unitech Wireless, Swan telecom and Tata Teleservices and 50 lakh (US$110,000) fine on Loop Telecom, S Tel, Allianz Infratech and Sistema Shyam Tele Services Ltd. The Supreme Court's ruling said the current licences will remain in place for four months, in which time the government should decide fresh norms for issuing licences.

 The 2010 Commonwealth Games, officially known as the XIX Commonwealth Games , were held in Delhi, India, from 3 to 14 October 2010. A total of 6,081 athletes from 71 Commonwealth nations and dependencies competed in 21 sports and 272 events, making it the largest Commonwealth Games till date. It was also the largest international multi-sport event to be staged in Delhi and India, eclipsing the Asian Games in 1951 and 1982. The official mascot of the Games was Shera and the official song of the Games, "Jiyo Utho Bado Jeeto", was composed by celebrated Indian musician A.R. Rahman. The final medal tally was led by Australia with a total of 74 gold medals. The host nation India had its best performance ever to finish second with 38 gold medals followed by England with 37 gold medals. Commonwealth games Federation chief Mike Fennell stated that "Delhi delivered a fantastic Games. The President of the International Olympic Committee, Jacques Rogge, said that India had made a good foundation for a future Olympics bid

The financing of Delhi COMMON WEALTH GAMES 2010 has been the subject of parliamentary questioning since 2004.
Parliamentary records show that at the time of government approval for the

Games in early 2003, the budget estimate had been only Rs 617.5 crores. By March 2003, when Delhi submitted its official bid, the estimates had tripled to Rs 1895.3 crores. By 2008, the minister of sports was estimating a figure of over Rs 7,000 crores. In 2009, the comptroller and auditor general provided a calculation of about Rs 13,000 crores. The final figure, which includes spends on infrastructure, comes to Rs 65,550 crores.

CVC exposed Rs 8,000 crore Commonwealth Games 2010 scam

The Central Vigilance Commission, involved in probing the alleged corruption in various Commonwealth Games related projects, has found discrepancies in tenders and alleged misappropriation amounting to about Rs 8,000 crore. The CVC is probing at least 22 Games-related construction and procurement works carried out by different government agencies here for alleged financial irregularities. Out of the total projects, six were carried out by the Sports Ministry, four by the Delhi Development Authority, three by the Organizing Committee and two each by the Municipal Corporation of Delhi and Central Public Works Department of the Delhi government.

A complaint regarding alleged irregularities in awarding contracts for sound system, LED display boards and other communication systems for various Commonwealth Games stadia was also received and inspected by the CVC. An analysis by Chief Technical Examination Wing of CVC had earlier found alleged financial and administrative irregularities in 16 construction and procurement projects. Six of them were done by the PWD, three by the MCD, two each by the CPWD, DDA, NDMC and one by RITES, a government of India enterprise, a CVC report said. The Income Tax department is scrutinizing financial documents relating to the broadcast rights for the CWG following charges of tax evasion. Infrastructure developer Emaar-MGF is in the dock for alleged irregularities in the construction of the CGW Village in Delhi.

 Suresh Kalmadi head of the organising commitee has been arrested by the Central Bureau of Investigation (CBI) for irregularities in a Commonwealth Games corruption case. He has been arrested under Sections 120 B and 420 (criminal conspiracy and cheating) of the Indian Penal Code in the Commonwealth Games Time Scoring Equipment scam. Kalmadi reportedly conspired to favour a private firm in Switzerland by awarding contract at inflated cost of Rs 141 crore. He is out on bail now.

Former Commonwealth Games Organising Committee Secretary General Lalit Bhanot and OC Director General V K Verma have been arrested by the CBI in connection with alleged irregularities in the Rs 107 crore deal inked with a Swiss timing firm. Bhanot and Verma had been booked under Sections 120B (criminal conspiracy) and 420 (cheating) of IPC and various sections of Prevention of Corruption Act, along with Switzerland-based firm Swiss Timing Ltd and other unknown persons.

 Adarsh Society was originally supposed to be a six story building that would house KARGIL war heros and widows. but the building ended up being a 31 story tower built on 6450 square meters within the COLABA NAVAL AREA. No one knows how the army gave permission to build a housing society on this land. IBN 7 was the first news channel to break the news of this scam on april 2010. Mumbais posh COLABA area land with the complicity of army officers was given to private housing society. But the army took no action regarding this as several army officers including former ARMY CHIEF DEEPAK KAPOOR had flats in the society. the construction of building was cleared since it was supposed to house kargil war veterans, however the houses were alloted to senior army commanders, a former environment ministers, legislators and bureucrates.

The Adarsh hall of shame

Some of the bureaucrats and politicians who are accused of fraudulently obtaining flats for themselves or their relatives: Ashok Chavan, chief minister, Maharashtra Jairaj Phatak, ex-municipal commissioner (flat in the name of his son Kanishka J Phatak) Ramanand Tiwari, state information commissioner (in the name of son, Onkar Tiwari) Pradeep Vyas, ex-collector, Mumbai ( in the name of his wife and fellow IAS officer Seema Vyas) Jitender Awhad, NCP (own name) Indris Kundan, ex-ollector, Mumbai (own name) Kanhaiyalal Gidwani, Congress (along with 2 sons, Kailash and Amit) Uttam Khobragade, BEST GM (in the name of daughter, Devyani, Babasaheb Kupekar, Congress (own name) DK Sankaran, Ex-chief secretary (in the name of daughter, Devyani) Shriniwas Patil, NCP (own name) SC Deshmukh, Collector, Pune (own name) Arun Pawar, ex-income tax commissioner (own name) Suresh Prabhu, Shiv Sena (own name) PV Deshmukh, secretary, urban development (own name)

 One year since the Central Bureau of Investigation (CBI), after being rapped by the Bombay High Court, registered an FIR against 14 people in the multi-crore Adarsh cooperative housing society scam on January 29, the agency has recorded statements of over a 100 witnesses, interrogated the accused, and has compiled evidence running into several thousand pages. However, while no accused has been arrested yet, a chargesheet also appears to be several months away. According to the FIR, former chief minister Ashok Chavan, during his tenure as Revenue Minister (2001-03), entered into a criminal conspiracy along with the societys chief promoter R S Thakur, retired Army officials R S Thakur, M M Wanchoo, senior IAS officer Jairaj Phatak and former MLC Kaniyalal Gidwani by proposing to pass a letter recommending inclusion of civilians in the Adarsh society, which was initially meant for Kargil war widows and victims. This inclusion was ensured by allegedly bypassing several rules. The CBI, which was handed over the probe by the Defence Ministry, named besides Chavan two other Union Ministers in the FIR Sushil Kumar Shinde and Vilasrao Deshmukh who allegedly ensured that the societys proposal was passed.

INTRODUCTION
Indian Premier League or IPL a total package containing cricket and entertainment organized by BCCI. Brainchild of Mr. Lalit Modi, Former President IPL. Launched on 14th September 2007 by BCCI on the line of Footballs English Premier league (EPL). DLF secured exclusive rights for IPL title sponsorship at Rs. 200 Cr. For 5 years. Professional twenty20 cricket league created and promoted by BCCI and backed by ICC Ranked 22nd as the most innovative product launched(FORBES)

About Teams
The IPL teams were auctioned on 24th January 2008. Eight teams were build up according to the regions of India. Two More teams added up in 2010: Kochhi and Pune.

Remarkable Achievements
Emergence of Brand India. Emergence of a business within cricket, thus generating more scope for business. Better opportunity for Indian players to showcase themselves, which was earlier limited to only 11 players. Boost for Advertising industry by IPL alone Rs.300 Crores

SCAM 1:Its relates to Timeouts introduced by Modi in IPL2. In IPL 2, 600 seconds of extra time were introduced as strategic timeouts. Strangely for rest of world rights, contract did not include these 600 secs. BCCI alleges Modi caused loss of revenue worth Rs 29 crores to Board.

BCCI charges Modi with 5 scams

SCAM 2:-

The 2nd scam is the Advertisements within Balls scam. Lalit Modi introduced the idea of 150 seconds of ads within balls. Modi handed this without tender to Pioneer Digagsis run by former Sony chief Kunal Dasgupta. BCCI alleges Modi indulged in favouritism hurting Board's interests.

SCAM 3:Media Rights Worth Rs. 425 crores

Multi Screen Media (MSM), holds the telecast rights for the IPL which it bagged for $1.02 billion for 10 years in 2008. The deal was later scrapped by the BCCI, which renegotiated with MSM for a nine-year deal for $1.63 billion. Tax sleuths are focusing on a facilitation fee of $80 million (about Rs 356 crore) which MSM paid the Mauritius arm of World Sports Group, the marketing agency of the IPL. MSM says the fee was paid to WSG to give up its broadcast rights for the Indian subcontinent, thus paving the way for the BCCI and MSM to enter into a direct deal. The suspicion is that the money was routed back to India to be paid as kickbacks to top people associated with the IPL

Unanswered Financial Irregularities

Why should a Mauritius based company hold Rs 5000 crores of TV value without paying a single penny in advance? Why was the bank guarantee of Rs 350 crores that was supposed to be given by WSG on March 23rd, 2009, never paid? How did Mauritian company walk away with Rs 425 crores?

 SCAM 4 :-

The fourth scam is being called the Security van scam. IPL awards contract to Visual Impact headed by Ajay Verma. Contract is to supply 3 vans at Rs 5 crores. Contract further said 4 more vans to be provided over next 7 years. BCCI alleges Modi did not follow due process while awarding contract. BCCI alleges Modi hired IPL security vans at 3 times their market value.

SCAM 5:An amount of Rs 76 crore and 22 lakh through sale of hospitality tickets for the final (on April 25), the third place tie (held on April 24) and the two semifinals (all held in Mumbai) is unaccounted for. Only 30,000 tickets for the final have been accounted for while the stadium (D Y Patil Stadium) was packed to capacity as everyone had seen and it can hold 52,000 people. Over 20,000 tickets are unaccounted for.

Other Financial irregularities

The Income Tax department has received financial details of more than Rs 150 crore in overseas accounts from some tax haven countries of "nonresidents" who invested in the IPL. There is an intricate share holding and investments pattern in the various franchises which have routed the money in the IPL through tax havens and sending money in companies there. The bid documents reveal huge funding by NRIs in various IPL franchises. But the documents do not reflect the entire financial details of these individuals.

SATYAM SCAM

B RAMALINGA RAJU FOUNDER AND FORMER CHAIRMAN OF ONE OF THE BIGGEST IT GIANT OF OUR NATION SATYAM COMPUTERS

SATYAM COMPUTERS WHAT IT IS ABOUT ?

FOURTH LARGEST IT OUTSOURCING COMPANY OF INDIA. EMPLOYEES MORE THAN 50,000 PEOPLE IN INDIA. OFFERS SERVICES TO MORE THAN 550 MNCS .

How It HAPPENED
The companys balance sheet was inflated to Rs 5361 crore at the end of the september 2008 against the actual amount Rs 5040 crore Raju also admitted that Satyam's profits were inflated over several years. And it is difficult for him to stop this fraud gap. He added, "It was like riding a tiger, not knowing how to get off without being eaten."

 There is an artificial cash balance of Rs 588 crore in sept 2008. Raju also said Rs 1,230 crore was arranged to Satyam, which is not reflected in its books, to keep Satyam's operations running. For this the promoter had to pledge the promoter shares and raising funds from other sources.

How it was caught?

Satyam Computers had on December 16, 2008, announced that it will acquire two group firms Maytas properties and Maytas Infra for $1.6 billion (about Rs 8,000 crore) as part of its diversification strategy , this create a alleged violation of corporate governance laws.

SALVAGING SATYAM
To stabilize the sinking Satyam Computers, the Government nominated banker Deepak Parekh, IT expert Kiran Karnik and former SEBI member C Achutan to the IT company's board. It is also seeking bank loans to cover for operating costs and salaries.

KIRAN KARNIK FORMER PRESIDENT OF NASSCOM

NOW ALL IS WELL

Anand Mahindra, Chairman, Tech Mahindra, the new owner of Satyam, will address the first board meeting of the company post the Rs 2,890-crore takeover, giving hope and future to Satyams 45,000-50,000 employees.

A moment of truth for Satyam and a victory for the government and the regulators.

 He paid for his own education at Sarvodaya Vidyalaya by selling fruits and vegetables on trains. Abdul Karim Telgi had mastered the art of forgery in printing duplicate stamp papers and sold them to banks and other institutions.

The fake stamp racket involving Abdul Karim Telgi was exposed in 2000. the loss is estimated to be Rs.171.33 crore(Rs. 1.71 billion), it was initially pegged to be Rs.30,000 crore (Rs. 300 billion), which was later clarified by CBI as an exaggerated figure.

 In 1994, Abdul Karim Telgi acquired a stamp paper license from the Indian government and began printing fake stamp papers. Telgi bribed to get into the government security press in Nasik and bought special machines to print fake stamp papers. Telgis networked spread across 13 states involving 176 offices,1000 employees and 123 bank accounts in 18 cities

 Aug 9, 2000: Bangalore city police arrest two persons on charge of being in possession of fake stamp and stamp paper. Investigations led to seizure of fake stamps and stamp papers valued at Rs9.92 crore. Telgis name surfaces in investigation. Nov 2001: Telgi arrested in Ajmer, Rajasthan by Bangalore city police team. He is lodged in Bangalore central prison. Apparently with help of prison staff, Telgi continued to run his camp from jail.

LATEST NEWS
Feb 29 2012

Mumbai: Abdul Karim Telgi has been convicted and sentenced to life imprisonment for forgery, counterfeiting and cheating in the multi-crore stamp paper scam by a Mumbai sessions court on Wednesday. Along with him three policemen - KK Parmar, AB Sonwalkar and Ganpat Jadhav - have also been convicted for insubordination, abetting and allowing Telgi to flee.